55000 crore notices to online gaming companies, DGGI action, know the whole case

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image : Envato


The Directorate General of GST Intelligence (DGGI) has issued a pre-show cause notice to about a dozen companies working in the field of online real money gaming (GST Notice to Online Gaming Companies) in the country. The big thing is that this notice was worth around 55000 crore rupees.

What does the notice say?

It said fantasy sports platform Dream 11 has been slapped with a GST notice worth around Rs 25,000 crore, which may be the largest indirect notice ever issued in the country. People with knowledge in this matter gave this information.

The GST demand figure will be staggering

According to a report, more such notices may be issued in the coming weeks. Due to this, the figure of GST Demand Notice received by real money gaming companies may increase to over 1 lakh crore rupees.

What is a pre-show cause notice?

A notice for tax payable is issued by the authorities through DRC-01A form and in GST parlance it is called Pre Show Cause Notice. This is issued by the Income Tax Department before the show cause notice.

What did the online gaming companies say?

The companies that have been issued pre-showcase notices include Play Games 24x7 and its affiliates and Head Digital Works. However, this information was obtained through people who wanted to reveal their identity. However, Dream 11 (Dream 11) and Head Digital Works refused to react in this matter. According to the report, Dream 11 has also challenged the notice in the Bombay High Court in this matter.

Which companies have been hit with a notice?

According to the report, a notice of Rs 25000 crore was sent to Dream11 on Monday. Similarly, Play Games 24x7 and its associates were issued a notice amounting to around Rs 20,000 crore, which also includes the names of Rummy Circle and My11 Circle. Apart from this, a tax demand notice of Rs 5000 crore has also been issued to Head Digital Works.

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